Technavio estimates that the North America Maintenance, Repair, and Overhaul (MRO) Distribution Market will witness a significant rise of USD 26.9 billion, with a CAGR of 2.09% from 2023 to 2028. The growth is driven by the widespread adoption of Industry 4.0 technologies like IoT, artificial intelligence, and big data analytics. These innovations are enhancing operational efficiency across industries, leading to a rising demand for MRO solutions. The increased use of robots in industrial settings is also playing a pivotal role, as robotics technology helps minimize downtime and boost productivity. Additionally, the standardization of critical services and equipment in the manufacturing sector is contributing to market expansion by streamlining operations and improving overall efficiency.

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